Browsing: News: September 2026

The transaction covered £400m of assets and secures the future pension benefits of more than 3,000 pensioners and 4,000 deferred scheme members.

During July, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process in the US inched up by 10 basis points, from 99.6% to 99.7% of a plan’s accounting liabilities.

Following the full scheme bulk purchase annuity buy-in for the scheme in June 2025, Utmost Life and Pensions has issued 362 individual buy-out policies to scheme members and dependants.

£1.65bn bulk purchase annuity buy-in secures benefits for all 16,400 scheme members.